RE:Valeura Energy Inc. Announces Wassana Production Re-start With oil flowing from Asian offshore field once again, start-up of drilling campaign only days away
December 11, 2023, by Melisa Cavcic
Canada-based oil and gas company Valeura Energy has restarted production from an oil field project in the Gulf of Thailand, following a shutdown due to an incident. As a result, the Canadian player is looking forward to kicking off its three-well drilling program on the field.
MOPU Ingenium and MT Jaka Tarub FSOl Source: Valeura Energy The production operations at the Wassana oil field in the Gulf of Thailand were temporarily suspended after the floating storage and offloading vessel (FSO) stationed at the field deviated from its intended position on July 6, 2023, and contacted the field’s catenary anchor leg mooring (CALM) buoy. Valeura is targeting an increase in rates to 4,500 bbls/d as a result of a five-well infill drilling program, which was slated to start in the second quarter of 2023. To this end, the company chartered the PV Drilling 1 jack-up rig.
According to the firm, the oil production at the field resumed safely on December 8, 2023. The Canadian firm intends to mobilize its contracted drilling rig to the field in the coming days. Once in position, further wells will be brought online to ramp up production volumes. The company plans to conduct an infill drilling program, encompassing three production-oriented horizontal development wells, targeting deeper reservoir intervals within the field.
Sean Guest, President and CEO of Valeura, commented: “I am pleased to see production operations resume at the Wassana field. The immediate contribution of production is a welcome addition to our portfolio, and moreover, with all aspects of the field now being conducted in accordance with our high standards for operational excellence, we are turning our attention immediately to growth.
“We have a brief window of opportunity in our overall drilling sequence plan to drill three wells at Wassana commencing later this month, which we anticipate will increase production capacity to over 4,000 bbl/d, before re-deploying the rig to our Nong Yao C development early in 2024.”